IRA Rollover News

On December 18, 2015, President Obama signed legislation to reinstate retroactively the IRA charitable rollover for 2015 and beyond. The provision allows each IRA owner who is 701/2 or older to make direct transfers of up to a total of $100,000 per year to Blair Academy and other qualified charities. The IRA charitable rollover is tax-free and not included in adjusted gross income.

Good news! The Charitable IRA Rollover legislation that permitted individuals at least 70½ years old to make tax-free charitable distributions from IRAs has been reinstated for 2015 and made permanent.

For more information, please contact:

Velma Lubliner

Assistant Director of Advancement for Capital Giving
(908) 362-6121, ext. 5634

The material presented on this website is not offered as legal or tax advice.